Punch & Associates Investment Management Inc. Has $19.76 Million Position in HealthStream, Inc. $HSTM

Key Points

• Punch & Associates Investment Management Inc. has reduced its holdings in HealthStream, Inc. by 22.7%, now owning approximately 613,971 shares after selling 180,723 shares during the first quarter.
• HealthStream has announced a quarterly dividend of $0.031 per share, representing a 0.4% yield, with a dividend payout ratio of 17.91%.
• Recent analyst updates include a downgrade of HealthStream's target price from $29.00 to $28.00 by Canaccord Genuity Group, maintaining a "hold" rating for the stock.

Punch & Associates Investment Management Inc. lowered its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 22.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613,971 shares of the technology company's stock after selling 180,723 shares during the period. HealthStream makes up approximately 1.3% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 18th biggest position. Punch & Associates Investment Management Inc. owned about 2.01% of HealthStream worth $19,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSTM. Stifel Financial Corp acquired a new stake in shares of HealthStream in the fourth quarter worth about $447,000. Price T Rowe Associates Inc. MD lifted its position in shares of HealthStream by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,785 shares of the technology company's stock worth $598,000 after buying an additional 1,550 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of HealthStream by 31.7% in the fourth quarter. Voya Investment Management LLC now owns 12,273 shares of the technology company's stock worth $390,000 after buying an additional 2,956 shares during the last quarter. Northern Trust Corp lifted its position in shares of HealthStream by 13.4% in the fourth quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock worth $9,745,000 after buying an additional 36,239 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of HealthStream by 7.1% in the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company's stock worth $298,000 after buying an additional 618 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Insider Buying and Selling at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of HealthStream stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total transaction of $55,940.00. Following the sale, the executive vice president owned 17,137 shares of the company's stock, valued at approximately $479,321.89. This trade represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.00.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.91 during midday trading on Thursday, hitting $29.22. The company's stock had a trading volume of 215,301 shares, compared to its average volume of 180,796. The stock has a market capitalization of $866.08 million, a price-to-earnings ratio of 43.61, a PEG ratio of 3.59 and a beta of 0.47. The stock's 50 day simple moving average is $27.07 and its 200 day simple moving average is $29.16. HealthStream, Inc. has a fifty-two week low of $25.36 and a fifty-two week high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $74.40 million during the quarter, compared to analyst estimates of $74.39 million. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. HealthStream has set its FY 2025 guidance at EPS. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. HealthStream's dividend payout ratio (DPR) is 17.91%.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.